BUSINESS

Samsung's sales of biosimilars hits $257m in Europe through Q3

By Yonhap
  • Published : Oct 25, 2017 - 09:14
  • Updated : Oct 25, 2017 - 09:14
South Korean pharmaceutical firm Samsung Bioepis Co. saw its sales of biosimilar products released in Europe hit $257 million through the third quarter of this year, data showed Wednesday.

Samsung Bioepis said the sales of Benepali released in Europe came to $253 million over the January-September period, compared with $47 million posted a year earlier.

The company also said the sales of Flixabi posted a sharp growth over the cited period to reach $4.7 million, compared with $100,000 tallied last year.

(Yonhap)

Accordingly, the combined shipment of biosimilar products to Europe jumped fivefold on-year.

Biosimilars are approved copies of existing drugs that are manufactured after the original patents expire.

Benepali is a biosimilar referencing Enbrel developed by U.S.-based Amgen Inc., which is used for the treatment of rheumatoid arthritis, psoriatic arthritis and axial spondyloarthritis, Samsung Bioepis said.

Industry watchers said the sales of Flixabi, meanwhile, hovered below expectations apparently due to the competition with Remsima developed by Celltrio Inc. Both Flixabi and Remsia are based on Janssen's Remicade.

Flixabi is used for the treatment of rheumatoid arthritis, Crohn's disease and ulcerative colitis. (Yonhap)